Mesa Royalty Trust (NYSE:MTR) Short Interest Up 125.5% in June

Mesa Royalty Trust (NYSE:MTR) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,202 shares, an increase of 125.5% from the May 31st total of 533 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 12,448 shares, the days-to-cover ratio is currently 0.1 days.

Mesa Royalty Trust Price Performance

MTR traded down $0.03 during mid-day trading on Tuesday, hitting $3.12. The stock had a trading volume of 5,129 shares, compared to its average volume of 13,570. The stock’s fifty day simple moving average is $3.95 and its 200-day simple moving average is $4.48. The firm has a market capitalization of $5.81 million, a price-to-earnings ratio of 15.62 and a beta of 0.41. Mesa Royalty Trust has a 1-year low of $3.10 and a 1-year high of $5.98.

Mesa Royalty Trust (NYSE:MTR) last announced its quarterly earnings results on Monday, March 30th. The energy company reported $0.04 earnings per share (EPS) for the quarter. Mesa Royalty Trust had a return on equity of 11.24% and a net margin of 65.19%.The company had revenue of $0.14 million during the quarter.

Mesa Royalty Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, May 29th will be given a dividend of $0.0403 per share. This represents a c) dividend on an annualized basis and a yield of 15.5%. The ex-dividend date of this dividend is Friday, May 29th. Mesa Royalty Trust’s payout ratio is 145.00%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mesa Royalty Trust in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.

The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).